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20121120
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by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> paul: the electric car industry, steve? (laughter) >> no, not that one. oil and gas and the thing that's so amazing, the president is doing almost everything he can to try to hold this back with regulations and with not allowi allowing permitting most of the oil and gas development is going out on private land and where the president has to get with the program because we could literally create millions more jobs if we get this story right. >> paul: jim, the consequences here economically are big for downstream production, things like manufacturing. >> right. >> that had left the, i talked to one ceo, dow chemical, who had planned years ago never to build another plant in the united states and now making a 4 billion dollar bet on manufacturing and chemical production in the the united states. that's extraordinary. you're seeing that
but not for a while. >> that was designed to technology on willingness to make tough cuts. >> as the cliff was crafted to be so distasteful officials would do anything to avoid it. >> you don't think they will cut military former military are cut entitlements? >> they assume it is so bad they would not to accept it but they are not even talking about cuts. talking $1 trillion over 10 years but not real cuts but baseline budgeting teeseven explained that. i hate when you talk that way because nobody understands that. if i cut it means i spend less but it would you do it means? >> we have already written into the next budget the automatic increase. if it is a $10 billion increase and cut it down at 9 billion that they cut it down we just now increased 9 billion instead of 10 billion. it is done a purpose so people get confused. that is the reason nothing happens. they got away with this horrible sides there was a lot of wealth of the country and they could get along. we will raise subsidies and one versus the other but now the treasury is there the country is bankrupt and will not admit it and that is w
. i could finally breet. >> it is worth it to see those who obtained freedom. >> coming up, technology is starting to crack open the hermit kingdom. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. nly align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >> seoul south korea yaw is 26 miles from north korea. 22 years after he led the communist regime in new york they became citizens of south korea in may 2010. >> what was going through your mind when you held your korean citizenship for the first time? >> it was very emotional. it was a strange feeling to become a citizen in the country. >> he and his family are adjusting to life in freedom but sadly the same month they arrived in seoul his 7-year-old daughter died from an unknown infection. >> i always think about all of the things i couldn't give her an
trained in science, technology, those kinds of things. i think there are exciting opportunities. i think immigration reform has a possibility. >> on competitiveness across the globe, are corporate tax rates too high in america? >> i think they should be brought down but that has got to be part of a bigger deal. we can't just bring them down and not pay for them. it will be closing the subsidies whether it's the oil subsidy, whether it's looking at some of the other ones. so if we could get some grand deal and i think it could happen, where businesses are onboard. not everyone will like it but where you bring the business rates down in exchange for taking those levels on the bush tax cuts for people making over $250,000, clothing subsidies and loopholes and then adding in the spending cuts, that's how we do it and put the business community onboard in part by making these reductions in the corporate tax rate. >> senator klobuchar, congratulations on everything. >> congratulations. good luck. >> okay. >> up next, a big development in u.s. oil production with potentially major implications
Search Results 0 to 7 of about 8 (some duplicates have been removed)